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885 Ridge Lake Drive Melbourne, FL 32940

$177,480
LOW
$208,800 Estimated value of the home, based on tax records and nearby sales information for similar homes.
$240,100
HIGH
 
VALUE ESTIMATE
 
Value Estimate
$208,800Estimated value of the home, based on tax records and nearby sales information for similar homes.
Beds
3
AC
Central A/C
Payment Estimate
--
Baths Full
2
Heating
Yes
Rent Estimate
$1,700Estimated monthly rental price, based on a proprietary formula.
Baths Half
--
Foundation
Slab
Tax Estimate
$1,461Estimated property taxes paid on an annual basis.
Sq Ft
1,793
Stories
1
 HomeScore
66A relative rating of projected appreciation over a 10-year holding period. Homes that score above 50 are expected to outperform the market.
Lot Size
--
Address Stories
1
 InvestorScore
71A relative rating of projected positive cash flow over a 10-year holding period. Properties that score above 50 are expected to outperform the market.
Construction
--
Parking
Garage
Last Sale Date
04/22/2009
Style
--
Parking Spaces
2
Last Sale Price
--
Year Built
1989

885 Ridge Lake Drive is located in the Quail Point Of Suntree area of Melbourne, FL. At this time, the property has an estimated value of $208,800 and yearly taxes of $1,461. This home has 3 bedrooms, 2 bathrooms, and approximately 1,793 sqft of living space. The property was built in 1989. Similar homes nearby have 3 bedrooms, 2 baths and sell for around $200,000.

Property History

DateEventSourcePrice

32940 Market Trends

Check out 32940 homes for sale, read the 32940 real estate news or review the 32940 real estate trends. Here is a summary of local market conditions over the past 30 days:

Market Health Score
89
Healthy

210

$290,450

84

3.3

Median Sales Price
$280,000
+6.3%
Sales (30 Days)
63
-8.7%

Melbourne Public Schools

A child living at 885 Ridge Lake Drive, Melbourne, FL would typically attend one of the following public schools: Suntree Elementary School, Delaura Middle School, or Viera High School. School boundaries and attendance zones are updated frequently. This guidance should not be used to determine the legal eligibility to attend any particular school or school system.

Quail Point Of Suntree REAL ESTATE NEWS

The population of the 32940 zip code is very affluent compared to others in Florida with a median income of $69,124 per household. It's also considered an expensive zip code in terms of affordability... Read More »

Over the last 30 days, 63 homes were sold in the 32940 zip code market, down 12.5%. Additionally, the market is still in a confirmed downward trend overall. As sales trended lower, the median sales pr... Read More »

Over the last 30 days, the 32940 zip code market showed strong improvement with 71 homes sold, closing in on the average sales volume for the prior 12 months. Within the same time frame, the 32907 zip... Read More »

885 Ridge Lake Drive Map

Ask a local expert about this home:
National Realty of Brevard
Listing Agent

885 Rdg Lk Dr, Melbourne, FL 32940US
885 Rdg Lk Dr is located in the Quail Point Of Suntree area of Melbourne, FL. At this time, the property has an estimated value of $208,800 and yearly taxes of $1,461. This home has 3 bedrooms, 2 bathrooms, and approximately 1,793 sqft of living space. The property was built in 1989. Similar homes nearby have 3 bedrooms, 2 baths and sell for around $200,000. Anna Miller is a Homesnap Local Expert in and around Quail Point Of Suntree.
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